AIG CorporateGuard Non-SEC
Schedule
Directors & Officers Liability Insurance
Financial Institutions
Policy Number
1
Policyholder
2
Registered Address
3
Policy Period
From:
Inception Date
To:
Expiry Date
00.01 Greenwich Mean Time (Both days inclusive).
4
Limit of Liability
5
Special Excess Protection for Non-Executive
Directors
GBP
a)
Per Non-Executive
Director limit:
GBP
(10% of the limit of
liability up to a
maximum of GBP
1,000,000)
(Payable in addition to the limit of liability)
b)
Aggregate limit for all
Non-Executive
Directors:
GBP
(60% of the limit of
liability up to a
maximum of GBP
6,000,000)
6
Retention
US Claim
Securities Retention:
USD
Employment Practices
Retention:
USD:
Applicable Retention for any
other Loss:
USD:
1 of 4
Rest of World Claim
7
Securities Retention:
GBP:
Employment Practices
Retention:
GBP:
Applicable Retention for any
other Loss:
GBP:
Sub-limits of liability
Limit GBP
Director and Officer Protection / Extension
2.1 (ii)
Assets & Liberty Extradition
Expenses (Accredited Crisis
Counsellor and / or Tax Advisor)
GBP 50,000 in the aggregate
2.1 (ii)
Assets & Liberty Extradition
Expenses (Public Relations
Consultants)
GBP 250,000 in the aggregate
2.1 (iii)
Assets & Liberty Personal
Expenses
GBP 250,000 in the aggregate
2.3
Insolvency Hearing Cover
GBP 50,000 in the aggregate
2.5
Reputation Expenses
GBP 250,000 in the aggregate
2.7
Circumstance/Claim Mitigation:
Mitigation Costs, Prosecution
Costs and Professional Fees
10% of the limit of liability with a
maximum of GBP 1,000,000
3.4
Emergency Costs
20% of the limit of liability
3.5
Global Dutch Securities Settlement
Advice
GBP 50,000 in the aggregate
3.6
Company Crisis Loss
GBP 100,000 in the aggregate
Sub-limits of liability shown are the total amount payable under all Insurance Covers purchased and
Extensions combined.
8
Continuity Date:
9
Discovery Period:
1 year:
100% of the full annual premium in effect at the expiry
of the policy period
2 years:
150% of the full annual premium in effect at the expiry
of the policy period
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10
Insurer
AIG Europe Limited
11
Insured Event & Circumstance Notice
Financial Lines Claims
AIG UK Limited
2-8 Altyre Road
Croydon CR9 2LG
or by facsimile to +44 020 8680 7321
or by email to [email protected]
12
Total Premium (Before IPT)
GBP
13
Insurance Covers/ Director and Officer
Protection and Extensions
Only Insurance Covers and Extensions designated as
“Covered” below are “Provided” under this policy. “Not
Covered” means “Not Provided”.
Management Liability
Insurance Cover 1.1
Covered
Pre-Claim Inquiry
Insurance Cover 1.2
Covered
Special Excess Protection for Non-Executive
Directors
Insurance Cover 1.3
Covered
Company Securities Liability
Insurance Cover 1.4
Covered
Assets & Liberty
Extension 2.1
Covered
Derivative Investigation Hearing Costs
Extension 2.2
Covered
Insolvency Hearing Cover
Extension 2.3
Covered
Reputation Expenses
Extension 2.4
Covered
Regulatory Enforcement
Extension 2.5
Covered
Corporate Manslaughter
Extension 2.6
Covered
Circumstance / Claim Mitigation
Extension 2.7
Covered
International Jurisdiction
Extension 2.8
Covered
Interpretive Counsel
Extension 2.9
Covered
New Subsidiaries
Extension 3.1
Covered
Discovery Period
Extension 3.2
Covered
Lifetime Run-Off for Retired Insured Persons
Extension 3.3
Covered
Emergency Costs
Extension 3.4
Covered
Global Dutch Securities Settlement Advice
Extension 3.5
Covered
Company Crisis Loss
Extension 3.6
Covered
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14
Passport Master Policy Program
Yes / No
If yes, then this policy shall act as a Master Policy and
the coverage afforded by this policy shall be provided
in conjunction with the Passport foreign underlyer
policy issued in each International Jurisdiction
selected by the Policyholder. The specific structure of
the coverage provided by this Master Policy in
conjunction with each Passport foreign underlyer
policy is set forth in the Passport Structure Appendix
attached to this policy.
15
US SEC Exposure
Not Covered
Co-insurance percentage
Securities Claims (Insurance Clause 1.4) only:
Insurer: %
Company: %
% Change in US Market Cap
16
20%
Endorsements
Reference & Description
Effective Date:
1.
1.
2.
2.
3.
3.
4.
4.
Privacy Policy
AIG Europe Limited’s Privacy Policy is available at www.aig.co.uk/privacypolicy or by requesting a copy from Data
Protection Officer, Legal Department, AIG Europe Limited, The AIG Building, 58 Fenchurch Street, London EC3M 4AB
(email: [email protected]).
By submitting information to AIG relating to any identifiable individual, you represent that you have authority to provide
that personal information to AIG. With respect to any individual about whom you provide personal information to AIG,
you agree: (a) to inform the individual about the content of the Privacy Policy; and (b) to obtain any legally-required
consent for the collection, use, disclosure, and transfer (including cross-border transfer) of personal information about
the individual in accordance with the Privacy Policy.
www.aig.com
American International Group, Inc. (AIG) is a leading international insurance organisation serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and
individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the
United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website
at www.aig.com. Products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. In Europe, the principal insurance provider is AIG Europe Limited. This material
is for information purposes. Not all products and services are available in every jurisdiction, and insurance coverage is governed by the actual terms & conditions of insurance set out in the policy or in the
insurance contract. Certain products and services may be provided by independent third parties. Insurance products may be distributed through affiliated or unaffiliated entities.
Within the UK, AIG Europe Limited is one of the largest providers of general insurance. With offices throughout the country, we insure many of the UK's top businesses, thousands of mid sized and smaller
companies, as well as many public sector organisations and millions of individuals. For additional information please visit our website at www.aig.co.uk.
AIG Europe Limited is authorised and regulated by the Financial Services Authority (FSA number 202628). This information can be checked by visiting the FSA website (www.fsa.gov.uk/Pages/register).
Registered in England: company number 1486260. Registered address: The AIG Building, 58 Fenchurch Street, London, EC3M 4AB.
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